1 Includes securities lent to dealers, which are fully collateralized by other U.S. Treasury securities. 2 Face value of the securities. 3 Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. 4 Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.5 Estimated. 6 Cash value of agreements, which are collateralized by U.S. Treasury securities.7 Includes U.S. Treasury STRIPS and other zero coupon bonds at face value.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.

2. Consolidated Statement of Condition of All Federal Reserve BanksMillions of Dollars

Assets, liabilities, and capital

Eliminationsfromconsolidation

Change Since

Wednesday Feb 18, 2004

Wednesday Feb 11, 2004

Wednesday Feb 19, 2003

Assets

Gold certificate account

11,038

0

- 1

Special drawing rights certificate account

2,200

0

0

Coin

881

+ 6

- 242

Securities, repurchase agreements, and loans

694,306

+ 5,687

+ 28,520

Securities held outright

670,786

+ 935

+ 39,513

U.S. Treasury (1)

670,786

+ 935

+ 39,523

Bills (2)

246,055

+ 208

+ 18,494

Notes and bonds, nominal (2)

409,124

+ 730

+ 18,907

Notes and bonds, inflation-indexed (2)

13,994

0

+ 1,752

Inflation compensation (3)

1,612

- 4

+ 370

Federal agency (2)

0

0

- 10

Repurchase agreements (4)

23,500

+ 4,750

- 10,996

Loans

20

+ 2

+ 3

Items in process of collection

(925)

12,496

+ 5,622

- 1,671

Bank premises

1,646

+ 1

+ 89

Other assets (5)

37,084

- 3,547

+ 1,536

Total assets

(925)

759,651

+ 7,768

+ 28,231

Liabilities

Federal Reserve notes net of FR Bank holdings

682,243

+ 1,973

+ 31,207

Reverse repurchase agreements (6)

19,951

- 108

+ 2,101

Deposits

(0)

26,331

+ 2,923

- 6,497

Depository institutions

20,938

+ 3,250

- 7,068

U.S. Treasury, general account

5,004

- 243

+ 597

Foreign official

82

0

- 52

Other

(0)

308

- 82

+ 27

Deferred availability cash items

(925)

10,806

+ 3,297

+ 766

Other liabilities and accrued dividends (7)

2,244

- 13

- 5

Total liabilities

(925)

741,575

+ 8,072

+ 27,571

Capital Accounts

Capital paid in

8,898

+ 4

+ 464

Surplus

8,847

0

+ 467

Other capital accounts

332

- 307

- 271

Total capital

18,076

- 304

+ 660

Note: Components may not sum to totals because of rounding.

1 Includes securities lent to dealers, which are fully collateralized by other U.S. Treasury securities.2 Face value of the securities.3 Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. 4 Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securites.5 Includes assets denominated in foreign currencies, which are revalued daily at market exchange rates. 6 Cash value of agreements, which are collateralized by U.S. Treasury securities.7 Includes exchange-translation account reflecting the daily revaluation at market exchange rates of foreign exchange commitments.

3. Maturity Distribution of Loans and Securities, February 18, 2004Millions of dollars

Maturity

Loans

U.S. Treasury securities (1)

Federal agency securities

Repurchaseagreements(2)

Reverserepurchaseagreements(2)

Holding

Weeklychanges

Holdings

Week change

Within 15 days

20

53,103

+ 3,068

0

0

23,500

19,951

16 days to 90 days

0

150,375

+ 1,482

0

0

0

0

91 days to 1 year

0

158,686

- 5,436

0

0

------

------

Over 1 to 5 years

------

182,680

+ 750

0

0

------

------

Over 5 to 10 years

------

48,816

+ 1,072

0

0

------

------

Over 10 years

------

77,126

- 1

0

0

------

------

All

20

670,786

+ 935

0

0

23,500

19,951

Note: Components may not sum to totals because of rounding.--- Not applicable.

1 Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities. 2 Cash value of agreements classified by remaining maturity of the agreements.

4. Statement of Condition of Each Federal Reserve Bank on February 18, 2004Millions of dollars

Assets, liabilities, and capital

Total

Boston

New York

Philadelphia

Cleveland

Richmond

Atlanta

Chicago

St. Louis

Minneapolis

Kansas City

Dallas

SanFrancisco

Assets

Gold certificate account

11,038

495

4,705

380

477

808

863

982

331

224

303

507

963

Special drawing rights certificate acct.

2,200

115

874

83

104

147

166

212

71

30

66

98

234

Coin

881

35

39

48

45

93

96

114

62

28

54

157

110

Securities, repurchase agreements,

and loans

694,306

32,433

310,484

20,972

31,431

51,586

45,316

67,792

21,104

14,977

18,030

26,288

53,895

Securities held outright

670,786

32,430

286,984

20,972

31,431

51,586

45,316

67,783

21,104

14,973

18,027

26,288

53,894

U.S. Treasury (1)

670,786

32,430

286,984

20,972

31,431

51,586

45,316

67,783

21,104

14,973

18,027

26,288

53,894

Bills (2)

246,055

11,896

105,270

7,693

11,530

18,922

16,623

24,864

7,741

5,492

6,613

9,643

19,769

Notes and bonds(3)

424,730

20,534

181,713

13,279

19,902

32,663

28,693

42,919

13,363

9,481

11,414

16,645

34,125

Federal agency (2)

0

0

0

0

0

0

0

0

0

0

0

0

0

Repurchase agreements(4)

23,500

0

23,500

0

0

0

0

0

0

0

0

0

0

Loans

20

3

0

0

0

0

0

8

0

4

3

0

1

Items in process of collection

13,421

834

1,154

677

1,001

1,041

1,514

1,037

662

629

792

833

3,246

Bank premises

1,646

94

190

52

151

145

278

125

48

125

74

185

179

Other assets(5)

37,084

1,699

13,118

1,091

2,367

5,990

2,098

3,488

994

1,118

763

820

3,538

Interdistrict settlement account

0

+ 2,329

- 8,492

+ 209

- 3,084

+ 665

+ 798

- 7,630

- 955

- 598

+ 2

+ 7,209

+ 9,547

Total Assets

760,576

38,033

322,071

23,512

32,492

60,475

51,128

66,119

22,319

16,533

20,085

36,097

71,712

Note: Components may not sum to totals because of rounding.

1 Includes securities lent to dealers, which are fully collateralized by other U.S. Treasury securities.2 Face value of the securities.3 Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities. 4 Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.5 Includes assets denominated in foreign currencies, which are revalued daily at market exchange rates.

4. Statement of Condition of Each Federal Reserve Bank on February 18, 2004Millions of dollars

Assets, liabilities, and capital

Total

Boston

New York

Philadelphia

Cleveland

Richmond

Atlanta

Chicago

St. Louis

Minneapolis

KansasCity

Dallas

SanFrancisco

Liabilities

Federal Reserve notes outstanding

801,092

39,390

324,977

29,344

32,985

60,328

64,272

67,363

23,662

15,959

22,135

40,228

80,449

Less: notes held by F.R. Banks

118,849

5,382

30,118

8,368

4,843

9,494

18,473

8,237

3,608

1,595

4,340

6,741

17,649

Federal Reserve notes, net

682,243

34,008

294,859

20,976

28,142

50,834

45,799

59,126

20,054

14,364

17,795

33,487

62,800

Reverse repurchase agreements (1)

19,951

965

8,535

624

935

1,534

1,348

2,016

628

445

536

782

1,603

Deposits

26,331

1,072

12,369

796

1,255

2,761

1,573

1,860

674

391

772

823

1,986

Depository institutions

20,938

1,053

7,149

794

1,251

2,630

1,571

1,856

668

390

770

822

1,982

U.S. Treasury, general account

5,004

0

5,004

0

0

0

0

0

0

0

0

0

0

Foreign official

82

2

59

1

2

7

2

3

1

1

1

0

4

Other

308

17

158

0

1

124

0

0

5

0

1

1

0

Deferred availability cash items

11,731

956

1,329

473

585

951

1,231

1,007

392

556

566

662

3,024

Other liabilities and accrued

dividends (2)

2,244

124

753

90

116

224

178

219

102

80

85

108

165

Total liabilities

742,500

37,124

317,846

22,959

31,033

56,303

50,129

64,228

21,849

15,837

19,754

35,862

69,578

Capital

Capital paid in

8,898

448

2,041

272

722

2,083

491

934

227

347

161

112

1,060

Surplus

8,847

448

2,031

259

727

2,074

489

924

228

346

162

111

1,048

Other capital

332

12

154

23

10

15

20

33

14

4

7

13

26

Total liabilities and capital

760,576

38,033

322,071

23,512

32,492

60,475

51,128

66,119

22,319

16,533

20,085

36,097

71,712

Note: Components may not sum to totals because of rounding.

1 Cash value of agreements, which are collateralized by U.S. Treasury securities.2 Includes exchange-translation account reflecting the daily revaluation at market exchange rates of foreign exchange commitments.

1 Includes face value of U.S. Treasury and agency securities held outright, compensation to adjust for the effect of inflation on the original face value of inflation-indexed securities, and cash value of repurchase agreements.